Why should I choose AnalystNotes?

AnalystNotes specializes in helping candidates pass. Period.

Basic Question 1 of 6

To prevent situations from arising that could be perceived as influencing your independence, you should follow the following policies:

A. Beneficiaries of a pension fund are an analyst's primary responsibility, not the fund sponsors.
B. Do not engage in conduct involving dishonesty, fraud, deceit, and misrepresentations.
C. Limit gifts, pay your own travel costs, and disclose all special corporate relationships.

User Contributed Comments 10

User Comment
isida shouldn't the answer be all choices???
LogicMan No since A and B are not related.
sharon It's about INDEPENDENCE.
0is4eva Tricky question. Every line in the question must be read carefully. Key word: "...influencing your independence...".

Standard II B: "...use reasonable care... maintain independence... ...not offer, solicit, accept any gift, benefit... could be expected to compromise... independence and objectivity."

The answers listed in A and B are not related to the "independence concept" and are therefore not eligible.
lilbut so where does a and b fall under?
CFAMarco A under duties to clients and B under profesionalism. I think.
copus tricky question...I also thought that all three were correct but upon closer reading, I realized that I had flubbed it big time!
bantoo Read the code Ib.A is not related to question and option b is Id. so C is the correct answer
sshetty2 key words here i think is Best Course of action. If you have the option to pay for it yourself that would likely be the most ethical way of completing the valuation
DrewEB86 Doesn't the standard stipulate you shouldn't be accepting gifts? This says LIMIT gifts? That's what threw me...
You need to log in first to add your comment.
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity

recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct

identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards

CFA® 2024 Level I Curriculum, Volume 6, Module 3.